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Three primary means were used: renewal communities, empowerment zones, and community development entities. [2] The bill also created the New Markets Tax Credit Program, which has been renewed several times and is still in effect. [3] One provision of the Community Renewal Tax Relief Act of 2000 was the creation of 40 "renewal communities". [2]
The Empowerment Zone Program consists of three US congressional designations. [2] The Renewal Communities (RCs), Empowerment Zones (EZs) and Enterprise Communities (ECs) are highly distressed urban and rural communities that may be eligible for a combination of grants, tax credits for businesses, bonding authority and other benefits.
The Texas Enterprise Fund is a business incentive fund that was created by legislation in 2003. The fund, which had an initial $295 million investment, is used for ensuring the growth of business in Texas. One of Texas’ most competitive recruitment tools, these funds are used primarily to attract new business to the state or assist with the ...
Law enforcement authorities began to investigate whether CPRIT officials broke the law in their distribution of grant funds. A press investigation alleged CPRIT made a $11 million grant to Peloton Therapeutics in 2010 without review. A $20 million grant the M.D Anderson Institute for Applied Cancer Science also drew attention and criticism. [12 ...
This type of grant allows for the decentralization of fund distribution and administration. For charitable grants and funds for schools and organizations see: Grant writing and Grants. There are over 900 grant programs offered by the 26 federal grant-making agencies. These programs fall into 20 categories:
Urban renewal (also called urban regeneration in the United Kingdom and urban redevelopment in the United States [1]) is a program of land redevelopment often used to address urban decay in cities. [2] Urban renewal involves the clearing out of blighted areas in inner cities in favour of new housing, businesses, and other developments.